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How can I purchase bitcoin without having to go through the ID verification process?

avatarNullyDec 15, 2021 · 3 years ago3 answers

I want to buy bitcoin, but I don't want to go through the hassle of ID verification. Is there any way to purchase bitcoin without having to provide my personal information?

How can I purchase bitcoin without having to go through the ID verification process?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require ID verification for purchasing bitcoin. This is done to comply with regulations and prevent fraud. However, there are some peer-to-peer platforms or decentralized exchanges that allow you to buy bitcoin without ID verification. Keep in mind that using these platforms may involve higher risks and you should do thorough research before using them.
  • avatarDec 15, 2021 · 3 years ago
    Buying bitcoin without ID verification can be challenging. However, you can try using a Bitcoin ATM, where you can purchase bitcoin with cash without the need for ID verification. Another option is to find someone who is willing to sell bitcoin directly to you in person, but be cautious and only transact with trusted individuals.
  • avatarDec 15, 2021 · 3 years ago
    At BYDFi, we understand the concerns about ID verification. While we prioritize the security and compliance of our platform, we also respect the need for privacy. Currently, we require ID verification for purchasing bitcoin, but we are constantly exploring alternative solutions to provide more options for our users. Stay tuned for any updates on this matter.